XRP Draws $184M as Traders Bet Against the Crash — Is a Rebound Coming?

AI Market Summary
XRP slipped below $1.30, down ~22.5% from its September high, yet Binance perpetual taker-buy volume spiked to $184M, peaking above $73M in one hour, triggering a ~5% bounce. Analysts deem the flow speculative and short-term. Supporting factors: steady spot ETF inflows (~$1.8B cumulative) and growing XRP Ledger RWA activity. With BTC ETF demand thinning and $1.42 as resistance, sustained upside requires genuine spot follow-through.
Impact level
● Medium
Affected assets
XRP/USDT-1.74%
AI Insight · XRP/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
XRP draws $184M as traders bet against the crash. CryptoQuant analyst Darkfost flagged the activity on Binance after XRP fell below $1. 30.   The rebound that followed was about 5%.